As you are aware, MedAmerica is currently in the process of raising rates on the Simplicity ii product line. This rate action does not affect CareDirections Simplicity®. This notice is to inform agents that they have received rate approval from Maine & West Virginia, and are implementing the rate increase activity in these states. This is the only notification agents will receive regarding this rate action.
MedAmerica will mail notification of the rate increase to affected insureds on April 29, 2016. The new premium amount will be effective as of the insured’s next billing date, following the state required notification timeframe.
Click Here for additional details, including percentages of increase based on age and instructions for accessing a list of impacted clients.